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Village at St Rose, LLC

Commercial • Development • 1575 and 1655 E Cactus Ave, Henderson, NV 89183
Loan Number: #L0000014
Full Commitment $12,500,000
Available
$0
Investor Interest Rate
9%
Minimal Investment Amount
$1,000
Maturity Date
4/28/2022
Borrower
Stable Development
Loan to Value Ratio
73%
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100% Funded

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About this property

Property Address
1575 and 1655 E Cactus Ave, Henderson, NV 89183
Property Details
Stable Development acquired a 12.5 acre parcel of land approximately 13 miles south of downtown Las Vegas in 2018. Since that time they have been working with the city and county official to complete zoning for mixed use. Mixed use zoning has been approved and the developer is now working to gain tentative mapping approval for a 300,000 sq ft development that will feature a mix of retail, office and medical space.
How the funds will be used

Development

Borrower will utilize funds for the refinance and construction of the property.
How the funds will be used

Development

Borrower will utilize funds for the refinance and construction of the property.

Financials

Borrower
Stable Development
Loan Offering
$10,000
Full Commitment
$12,500,000
Yield
9%
Payment
Interest payments are paid monthly, between the 1st and the 5th of the month.
* Notes are structured as borrower payment dependent notes, not secured by any Connect Invest assets. Please review our Privacy Placement Memorandum for additional information.
Type of Project
Commercial
Phase of Project
Development
14
Term
9 months with an optional 9 month extension available to the Borrower for a total of 18 months.
Maturity Date
4/28/2022

Maturity date can fluctuate and is dependent on the date the loan funds.

Valuation Amount
$17,300,000
Loan to Value Ratio
73%
Exit Strategy
Sale or refinance of the property upon completion.

Borrower

Stable Development
Stable Development has successfully developed over 550,000 sq. ft. of Medical and Professional office space. Known for its Shared Equity Ownership Model, Stable Development identified a need in the market place and brought the solution to So. Nevada. Stable Development was established with the vision to enable medical and professional business owners the opportunity of building ownership with minimal cash outlay. The revolutionary Shared Equity Ownership Model empowers tenants to literally take ownership of their office space.

Documents

Privacy Placement Memorandum